Greetings,
Equities: The S&P 500 plummeted almost 10% on Thursday, the worst one-day drop since 1987.
VIX is near the 2008 highs.
Credit: There was more pain in credit markets on Thursday. Here are High-yield (HY) and investment-grade (IG) CDX spreads:
Rates: The spread between the 30yr mortgage rate and the 10yr Treasury yield rose to the highest level since 2008 (pricing in extreme volatility).
Energy: Here’s how oil prices below $30 per barrel will impact GDP across countries, according to Oxford Economics.
Global Developments: Fund flows into safe-haven assets spiked in recent days.
Food for Thought: What will Americans do when they self-quarantine?
Edited by Daniel Moskovits
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